Business And Markets

CBI Expects Lower Inflation

CBI Expects Lower Inflation
CBI Expects Lower Inflation

Central Bank of Iran has forecast lower consumer price inflation in the coming weeks in light of relative stability in financial markets and key monetary variables.

Decline in the monetary base growth and exchange rates, recession in the auto and real estate market and monthly growth in industrial production in the last calendar month (ending Nov.20), is a sign of inflation losing momentum in the coming months, it said.  

"If such conditions continue, it is hoped that monthly inflation will be lower," the CBI said in a press release seen on its website.


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